Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Dinham Kennel uses tenant days as its measure of octivity, an animal housed in the kennel for one day is counted as one tenant-day. During
Dinham Kennel uses tenant days as its measure of octivity, an animal housed in the kennel for one day is counted as one tenant-day. During March, the kennel budgeted for 3,800 tenant days. but its actual level of activity was 3,830 tenant days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for March Date used in budgeting Fixed element per month $ 2,700 Variable element per tenant-day $ 34.70 $ 7.70 14.20 3.20 1,700 8,200 6,700 0.20 $ 19,300 $ 25.30 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses Actual results for March Revenue Wages and salaries Food and supplies $ 120,321 $ 28,570 $ 56,975 Facility expenses Administrative expenses. $ 19,989 $ 7,097 The spending vanance for food and supplies in March would be closest to Mutiple Choice Multiple Choice $1,315 F $889 F $1,315 U $889 U
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started